Guideline Value

Corporate

Guideline Value for Vijayanagar 7th Cross Street

₹4400/sq.ft.

The guideline value for Vijayanagar 7th Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vijayanagar 7th Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Vijayanagar 7th Cross Street guideline value

The current guideline value of Vijayanagar 7th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Vijayanagar 7th Cross Street has changed

The guideline value for Vijayanagar 7th Cross Street has undergone several revisions. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 4,000 per sq.ft, which increased by 10% to Rs 4,400 per sq.ft in the 2024 revision.

This increase reflects the adjustments made in the guideline values over time. The 2024 figure of Rs 4,400 per sq.ft matches the median value for the 2,691 streets in Velachery under the Velacheri SRO, which range from Rs 3,300 to Rs 13,200 per sq.ft.

Guideline values in Velachery

In Velachery, the guideline values vary significantly across different streets. The median value for the 2024 revision is Rs 4,400 per sq.ft, which is the same as the guideline value for Vijayanagar 7th Cross Street. Below are other streets in Velachery with their respective guideline values:

Stamp duty and registration fee for property in Vijayanagar 7th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijayanagar 7th Cross Street?

The Vijayanagar 7th Cross Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Velachery

The guideline value serves as a benchmark for property transactions in Velachery. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. The registration process requires that these fees are calculated based on the higher of the guideline value or the sale price.

This ensures that the government collects the appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property dealings in the area.

Frequently asked questions

What is the current guideline value of Vijayanagar 7th Cross Street?

The current guideline value of Vijayanagar 7th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this street has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Vijayanagar 7th Cross Street?

The land classification for Vijayanagar 7th Cross Street is Residential Class II Type - II. This classification is important for understanding the zoning and permissible uses of the land.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Velachery?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.